Crypto.com Anticipated to Act as Digital Asset Custodian, Liquidity Provider, and Staking Services Provider for Truth Social Funds ETFs

Written by Emily J. Thompson, Senior Investment Analyst

Source: moomoo

Updated: 2 days ago

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Source: moomoo

Digital Asset Custodian: Crypto.com is expected to serve as a digital asset custodian, providing secure storage for cryptocurrencies.
Liquidity Provider: The platform will also function as a liquidity provider, facilitating the buying and selling of digital assets.
Staking Services: Crypto.com plans to offer staking services, allowing users to earn rewards by holding certain cryptocurrencies.
ETFs Support: The company aims to support exchange-traded funds (ETFs) related to digital assets, expanding its service offerings in the financial market.

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About DJT

Trump Media & Technology Group Corp. (TMTG) is a social media and technology-focused company. The Company's product, Truth Social, is a social media platform where any user can create content, follow other users and engage in an open global conversation. The Company does not restrict whom a user can follow. Additionally, users can be followed by other users without requiring a reciprocal relationship, enhancing the ability of its users to reach a broad audience. Its products and services include Truth Social and Truth+. TMTG operates a TV streaming platform, Truth+, across the entire Truth Social platform-iOS, Android, and the Web. The streaming service relies on TMTG's custom-built content delivery network (CDN), which operates through a data center. TMTG's streaming technology is powered through specially designed infrastructure with its own servers, routers, and software stack. The Company is also focused on launching Truth.Fi, a financial service and FinTech brand.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.

Truth Social Funds to be Managed by Yorkville America Equities, LLC, with Anticipated Management Fee of 0.95%

2 days agomoomoo

Fund Management: Both Truth Social Funds will be advised by Yorkville America Equities, LLC.
Management Fee: The funds are expected to carry a management fee of 0.95%.

Truth Social Submits New ETF Applications for Bitcoin, Ether, and Cronos Amid SEC Delays

2 days agostocktwits

Truth Social's ETF Proposals: Truth Social has filed for new Bitcoin, Ethereum, and Cronos-linked ETF proposals, expanding its digital asset offerings and aiming to tap into the cryptocurrency market.
Expansion of Digital Assets: The new ETFs, including the "Truth Social Cronos Yield Maximizer ETF" and the "Truth Social Bitcoin and Ether ETF," are part of Truth Social's strategy to broaden its financial products related to cryptocurrencies.
Regulatory Status: Neither of the proposed ETFs has launched yet, as they await regulatory approval, which is crucial for their market entry.
Market Context: The move comes amid ongoing discussions in the U.S. Senate regarding clearer regulations for digital assets, highlighting the evolving landscape of cryptocurrency investment opportunities.